By Angela McDaniels
Tacoma, Wash., Oct. 11 – JPMorgan Chase Financial Co. LLC priced $540,000 of 0% capped buffered return enhanced notes due Dec. 31, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index return is positive, the payout at maturity will be par plus 1.56 times the lesser-performing index’s return, subject to a maximum return of 25%.
If the final level of one index is greater than its initial level and the final level of the other index is equal to its initial level or is less than its initial level by up to 15% or the final level of each index is equal to its initial level or is less than its initial level by up to 15%, the payout will be par.
If the final level of either index is less than its initial level by more than 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $540,000
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Maturity: | Dec. 31, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index return is positive, par plus 1.56 times lesser-performing index’s return, subject to maximum return of 25%; if final level of one index is greater than initial level and final level of other index is equal to initial level or is less than initial level by up to 15% or final level of each index is equal to initial level or is less than initial level by up to 15%, par; if final level of either index is less than initial level by more than 15%, 1% loss for every 1% that lesser-performing index declines beyond 15%
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Initial levels: | 1,479.461 for Russell 2000 and 2,919.40 for S&P 500
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Pricing date: | Oct. 9
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Settlement date: | Oct. 15
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.85%
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Cusip: | 48132FWM4
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